Okta Inc reports results for the quarter ended April 30 - Earnings Summary

Okta

27/05/2025 22:01

Okta Inc OKTA.OQ reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 65 cents.  The mean expectation of forty analysts for the quarter was for earnings of 77 cents per share. Wall Street expected results to range from 76 cents to 84 cents per share.

Revenue rose 11.5% to $688.00 million from a year ago; analysts expected $680.25 million.

Okta Inc's reported EPS for the quarter was 35 cents​.

The company reported quarterly net income of $62 million.

Okta Inc shares had risen by 17.6% this quarter and gained 57.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 10.7% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy," 17 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Okta Inc is $122.50

This summary was machine generated from LSEG data May 27 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Apr. 30 2025
0.77
0.86
Beat
Jan. 31 2025
0.74
0.78
Beat
Oct. 31 2024
0.58
0.67
Beat
Jul. 31 2024
0.61
0.72
Beat